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LCH.Clearnet announces new chief executive


17 February 2011 London
Reporter: Ben Wilkie

LCH.Clearnet Group has appointed Ian Axe as chief executive of both LCH.Clearnet Group Limited (the group holding company) and LCH.Clearnet Limited (the UK based subsidiary)...
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Butterfield Fulcrum sold


09 February 2011 Bermuda
Reporter: Ben Wilkie

Fund Administrator Butterfield Fulcrum has been sold to a consortium comprising private equity firm BV Partners and industry veterans Glenn Henderson and Tim Calveley...
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Citi grabs Saxo mandate


08 February 2011 Copenhagen
Reporter: Ben Wilkie

Citi Global Transaction Services has been awarded a new mandate by the online trading and investment specialist Saxo Bank Group to provide global custody services for cash equities and fixed income instruments...
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SEI picked by 36 South


08 February 2011 Oaks
Reporter: Ben Wilkie

SEI has been selected by absolute return manager 36 South Capital Advisors LLP to provide full-service operational outsourcing for the firm’s recently re-domiciled volatility funds...
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Butterfield denies sale reports


08 February 2011 Bermuda
Reporter: Ben Wilkie

The CEO of fund administrator Butterfield Fulcrum has denied reports the firm is about to be sold to the Carlyle Group...
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Northern Trust enhance Nordic offering


07 February 2011 Stockholm
Reporter: Justin Lawson

Northern Trust (Nasdaq: NTRS), has received approval from the Finansinspektionen (the Swedish Financial Supervisory Authority) and the UK Financial Services Authority to offer asset management products and services to investors across the Nordic regi
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J.P. Morgan to service new Africa fund


03 February 2011 London
Reporter: Ben Wilkie

J.P. Morgan will provide fund administration and custody services to a new closed-ended fund launched by the Duet Group and Standard Bank...
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Finadium launches new white paper


02 February 2011 Concord
Reporter: Steven Lafferty

Finadium has launched a new white paper examining custody costs for ERISA plans...
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Northern Trust wins Lothian mandate


01 February 2011 London
Reporter: Ben Wilkie

Northern Trust has been appointed to provide global custody, securities lending, and related services to US$5 billion (more than GB£3.2 billion) in pension fund assets for the Lothian Pension Fund, one of the top 10 Local Government Pension Schemes